Vega fund kickoff capital recipients for spring 2017 have been selected!
This year, 19 projects were sumbitted for Vega fund kickoff capital and 11 of them were invited to pitch in front of the jury. After that, the board of judges selected four projects which stood out with their strong science background and validated business models:
Algae: production of biodiesel using seaweed oils
Technology: production of gelatine-based eco-friendly polymers
- MIRFECT: better and more effective RNA transportation to intractable types of cells
- PowerUp Energy Technologies: hydrogen fuel cell based electrical generator for maritime, recreational vehicle and military applications
Linda-Marie Kimmel, leader of team Brighter Algae said that the trickiest part for their team was preparing the pitch for the jury. "We are completely sure that our project is worth working for, but it was a challenge to convince the jury as well," she said, "Recieving the capital proved that others see the potential behind the idea as well - that surely is a great motivation boost!"
Mart Salumäe, another capital grantee and leader of Decomer Technology, claims that the funding helps them to achieve goals faster: "Thanks to the funding we can soon move on to industrial testing and planning the mass production." Salumäe also encourages everyone to use different opportunities and apply for such grants: "If you believe in your idea and you know why you're doing it - convincing others is a piece of cake!"
The ideas were evaluated by the jury consisting of entrepreneurs with scientific background and University of Tartu representatives: Sven Lilla (head of the jury), Kuldar Leis, Kuldar Kõiv, Indrek Tulp, Taavi Tamm, Aivar Pere and Vaido Mikheim (Tartu Science Park).
Starter pre-incubation programme teams gained new motivation from mentors for idea development
One of the key events in the StarterTartu programme is the Mentor Feedback Carousel, where teams meet mentors from various fields to receive crucial feedback on their ideas. This year, the event took place on October 5th at Spark HUB, the center of the startup and technology community, bringing together 11 mentors and 22 teams, with a total of 100 students benefiting from the mentors' valuable insights.